Ford Middle East & Africa Financial Results Grow On Higher Revenue And Volume In Q314

Ford Motor Company reported third quarter 2014 financial results last month, posting a net income of $835 million, or 21 cents per share, on revenue of $34.9 billion. Even though the results represent Ford’s 21st consecutive profitable quarter, they’re down on a year-over-year basis.

Compared to the third quarter of 2013, FoMoCo’s net income dropped $437 million, or 10 cents per share, while revenue dropped $900 million. In fact, most of the automaker’s financial metrics declined on some level. Partly responsible for the drop is the Middle East & Africa division, which was established to facilitate batter customer service and further expand Ford’s presence in the region.

Here’s how Ford Middle East & Africa fared in Q314.

Sales Volume, Revenue

Ford Middle east & Africa wholesale volume was 48,000 units and revenue was $1.1 billion, up 9 percent and 5 percent, respectively.

Pre-Tax Loss

Ford Middle east & Africa reported a loss of $15 million for the third quarter of 2014, a $10 million improvement from the $25 million loss in the third quarter of 2013.


Ford’s full-year guidance for Middle East & Africa remains unchanged, with the region expected to finish 2014 at about breakeven.

News editor focusing on business, financial, and sales coverage who loves anything on wheels, especially if it's fast.

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